Dr. Alberto Abad

Alberto Abad, head of AFIP, gave this information at "Fiscal Scenery 2007", an event organized by Infobaesprofesional.com.He said that 12,400 real estate agencies and 15,700 physical persons (owners) -or societies offering five or more properties- are included in the AFIP Register and will be involved in Stage III, starting on July.

What's next? Abad answered: "Stage III consists of collecting information in the CITI Escribanos program (Register of real estate transactions).Notaries public will have to declare all title deeds, which include closing price, seller, buyer, description of the property, location, new owner and occasion.This data will feed one point of the fulfilment line."

These data may seem enough but AFIP "will cross-check title deeds and sale orders", says Abad.
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June 30th is going to be a breaking point, Alberto Abad said.

Dr. Alberto Abad.

On the other side of the issue is Alberto Abad, the head of the national tax agency AFIP, who has complained that the country's biggest grain companies -- mainly multinationals based in the United States and Europe -- use shell companies to pay significantly lower taxes.

On the other side of the issue is Alberto Abad, the head of the national tax agency AFIP, who has complained that the country's biggest grain companies -- mainly multinationals based in the United States and Europe -- use shell companies to pay significantly lower taxes.

In an interview with the El Cronista newspaper, Alberto Abad, the head of Argentina's tax department, AFIP, revealed that efforts will be concentrated on banks and financial operations as "there's a confluence of sophisticated operations...that try to eat into income taxes."

In addition, Abad told the paper that around 30 civil organisations and foundations were coming under greater scrutiny in a bid to root out those using such bodies as means to avoid tax.

Abad noted that these types of groups have "proliferated in an abnormal way."

The head of the AFIP tax bureau, Alberto Abad, and the governor of Mendoza, Julio Cobos, yesterday signed an agreement that will enable the tax bureau and provincial government cross-check the owners of properties.